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Code · U.S. Code · Title 15 - COMMERCE AND TRADE · CHAPTER 14A— AID TO SMALL BUSINESS · § 636i

§ 636i. Small business bonding threshold

328 words·~1 min read·/usc/title-15/section-636i

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(a)In general Except as provided in subsection (b), and notwithstanding any other provision of law, for any procurement related to a major disaster, the Administrator may, upon such terms and conditions as the Administrator may prescribe, guarantee and enter into commitments to guarantee any surety against loss resulting from a breach of the terms of a bid bond, payment bond, performance bond, or bonds ancillary thereto, by a principal on any total work order or contract amount at the time of bond execution that does not exceed $5,000,000.
(b)Increase of amount Upon request of the head of any Federal agency other than the Administration involved in reconstruction efforts in response to a major disaster, the Administrator may guarantee and enter into a commitment to guarantee any security against loss under subsection
(a)on any total work order or contract amount at the time of bond execution that does not exceed $10,000,000.
(c)Limitation on use of other funds The Administrator may carry out this section only with amounts appropriated in advance specifically to carry out this section.
(Pub. L. 110–234, title XII, § 12079, May 22, 2008, 122 Stat. 1416; Pub. L. 110–246, § 4(a), title XII, § 12079, June 18, 2008, 122 Stat. 1664, 2178.)
Connections8 cite this · traces to 1
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8 references not yet in our index
  • Pub. L. 110–234, title XII, § 12079
  • 122 Stat. 1416
  • Pub. L. 110–246, § 4(a)
  • 122 Stat. 1664
  • Pub. L. 110–234
  • Pub. L. 110–246
  • section 4(a) of Pub. L. 110–246
  • section 4 of Pub. L. 110–246
Citation graph
cites case law
§ 636i
Small business bonding threshold
Fed. Reg.×6
Stat.×2
U.S.C.§ 8701
Pub. L.Pub. L. 110–234, title XII, § 12079
Stat.122 Stat. 1416
Pub. L.Pub. L. 110–246, § 4(a)
Stat.122 Stat. 1664
Pub. L.Pub. L. 110–234
Cites 9 · showing 6Cited by 8 across 2 sources
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